Weapons Spending Inches Upward via @defense_news

WASHINGTON — The Pentagons five-year projections for procurement spending on its 63 major weapons programs, submitted to Congress this month, has turned more positive than last years spending forecast, according to an analysis of the US Defense Departments 63 top weapons programs compiled by analytical firm VisualDoD. The data in charts: Procurement by RDTE Spending by percent Changes in dollars DoDs 63 major weapons programs The 2014 outlook for these efforts showed an overall 0.6 percent decline across the Future Years Defense Program (FYDP). The 2015 FYDP projects a slight growth of 2.5 percent. Despite the slightly more rosy forecast, there is one issue that could throw a wrench into Pentagon procurement plans. DoDs overall five-year spending outlook is $115 billion above federal spending caps, meaning it would need to be heavily modified or cut if sequestration r...